IMF revises Pak's foreign loan requirement to USD 25 bn: Report
- Pakistan's foreign loan requirements for the fiscal year have been revised down by the IMF to USD 25 billion, providing relief to the cash-starved economy.
- The IMF has reached a staff-level agreement to release $700 million in the second tranche of the agreed $3 billion loan to Pakistan.
- The IMF has adjusted projections for economic growth, inflation, and foreign remittances, aligning with the World Bank and Asian Development Bank's forecasts.
5 Articles
5 Articles
IMF Revises Pakistan's Foreign Loan Requirement To $25 Billion: Report
The IMF has revised down Pakistan's foreign loan requirements to USD 25 billion for the ongoing fiscal year -- reducing it by USD 3.4 billion in a big relief for its cash-starved economy, according to a media report on Saturday.
IMF revises Pakistan's foreign loan requirement to USD 25 billion: Report
The IMF has reduced Pakistan's foreign loan requirements for the fiscal year to $25 billion, down from the previous estimate of $28.4 billion. The organization has also lowered its economic growth projection for the country to 2%, rejecting the government's forecasts. The IMF's delegation completed talks with Pakistani officials on November 15 and announced a staff-level agreement to release $700 million as part of a previously agreed $3 billion…
IMF revises Pak's foreign loan requirement to USD 25 bn: Report
IMF revises Pak's foreign loan requirement to USD 25 bn: Report The IMF has revised down Pakistan's foreign loan requirements to USD 25 billion for the ongoing fiscal year -- reducing it by USD 3.4 billion in a big relief for its cash-starved economy, according to a media report on Saturday.The Washington-based global lender also lowered the economic growth projection to just 2 per cent, turning down the government's external as well as macroec…
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